Alphabet Inc (NASDAQ:GOOGL) traded at $196.66 at close of the session on Monday, December 16 and made an upward move of 3.60% on its previous day’s price.
Looking at the stock we see that its previous close was $189.82 and the beta (5Y monthly) reads 1.034 with the day’s price range being $192.63 – $199.0. The company has a trailing 12-month PE ratio of 26.09. In terms of its 52-week price range, GOOGL has a high of $195.61 and a low of $129.68. The company’s stock has gained about 12.01% over that past 30 days.
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Alphabet Inc has a market cap of $2389.32 billion and is expected to release its quarterly earnings report in January. With its Forward Dividend at 0.60 and a yield of 0.31%, the company’s investors could be anxious for the GOOGL stock to gain ahead of the earnings release.
On the other hand, looking at the outlook for the GOOGL stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.
Based on estimates by 39 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 4 have rated the Alphabet Inc (GOOGL) stock as a Hold, while 34 rate it as a Buy. 1 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the GOOGL stock currently stands at 1.65, and the current price level is 11.24% off its SMA20 and 14.22% from its 50-day simple moving average. The RSI (14) is pointing at 70.99 while the volatility over the past week is 3.10% and jumps to 2.30% over the past one month. The beta value is 1.01, while the average true range (ATR) is currently pointing at 4.80. The average price target for the stock over the next 12 months is $205, with the estimates having a low of $170 and a high of $240. These price ends are 13.56% and -22.04% off the current price level respectively, although investors could be excited at the prospect of a -4.24% if the GOOGL share price touches on the median price of $205.
Coming back to Alphabet Inc (NASDAQ:GOOGL), we note that the average 3-month trading volume was 26.35 million, while that of the preceding 10-day period stands at 32.85 million. Current shares outstanding are 5.84 billion.
The insiders hold 52.43% of the company’s shares while institutions hold 37.89%. The data shows that short shares as of 2024-11-29, stood at 69.79 million at a short ratio of 2.34. This represents a 120.00 short interest in shares outstanding on 2024-11-29. Shares short rose in November from the previous month at 64.26 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 40.78% up in year-to-date price movement.
